China‘s government has provided more than $300 billion in subsidies to support the development of its semiconductor industry. For starters, its «Made in China 2025» campaign aims for 70% semiconductor self-sufficiency by 2025. According to a U.S. congressional analysis, China’s government outlays (approximately $322 billion to date) and
World trade in goods and services will have a year-on-year growth of around 1% in 2022, projected UNCTAD. If the 1980s and 1990s are commonly described as the period of trade liberalization, the last three decades were marked not so much by the reduction of trade tariffs and
Global total and refined copper consumption will grow at a compound annual growth rate of 2.4% and 2.2%, respectively, between 2022 and 2032, according to Wood Mackenzie projections. This trend is increasing pressure on producers to advance the next stage of projects. Wood Mackenzie predicts that copper’s importance
The world’s largest oil importers in 2022 were China, United States, India, South Korea and Japan. While Chinese oil imports grew at a year-on-year rate of 42%, to $365,512 million, the corresponding imports from the United States rose 48%, to $204,716 million. According to the World Trade Organization
China dominated lithium-ion battery exports in 2022, reaching a 50.9% share of total external sales of these products on a global scale. Just in 2018, Chinese exports of lithium-ion batteries were $10.822 billion. But in 2022, the amount increased to $50,919 million, a year-on-year increase of 79 percent.
Mexico set a record in its imports of Chinese auto parts in 2022, with a total of 3.837 billion dollars. According to data from the World Trade Organization (WTO), Mexico was the third largest importer of auto parts in the world in that same year, with 29.472 billion